| Home | Log In | Register | Our Services | My Account | Contact | Help |
You are NOT currently logged in
Traders Thread & Thoughts - Monday 22nd March (SHEL)
Crocodile - 21 Mar 2004 15:52
| UK PreMarket Futures | FTSE -35 | DAX -35 | DOW -24 | S&P -2.7 | Nasdaq -5 |
|
|
|
|
|||||||||||||
|
|
|
S&P Futures |
|
||||||||||||
|
|
|
||||||||||||||
| News: | Sorry Your browser is not java capable |
 |
|
|
Northern Foods said it expected to report results broadly in line with expectations for the year to the end of this month. Wolseley the world's largest supplier of plumbing equipment, said first half profits rose by 21 percent to 226.3 million pounds, in line with estimates, and it saw the U.S. industrial and commercial markets improving. Ebookers online travel agency grew 90 percent in 2003 as it announced its first ever adjusted pre-tax profit to 1.3 million pounds and said that 2004 had got off to a strong start. Forth Ports posted a better-than-expected 12 percent rise in annual underlying profit and said it was confident of earnings growth in 2004. |
|||
|
|
|
||||||
|
Aero Inventory (I), Hit Entertainment (I), Inventive Leisure (I), Kier Group (I),Ashtenne Holdings (F), Churchill China (F), Collins Stewart Tullett (F), CSS Stellar (F), EBookers (F), Enterprise (F), Forth Ports (F), Hiscox (F), Hit Entertainment (F), John Laing (F), London and Associated properties (F), Maclellan Group (F), Pennant International (F), TripleArc (F), Venture Production (F), Wolseley (F), MyTravel Group (AGM) |
Carnival Corp Walgreen Co 17:00 Core PPI Feb DATE TBA 0.1% 17:00 PPI Feb DATE TBA 0.5% |
France Telecom |
|
|
|
|
|
|
gallick - 21 Mar 2004 21:31 - 7 of 34
>> Melnibone
When you mention the 'experts' talking about a 60% fall in the US and a 40% fall in the UK, this sounds like Mr Smithers of Smithers & Co, a notorious bear. As I understand it he bases his calculations on Q ratios (or factors...I'm not sure) which you need to be a maths professor to understand. Since the stockmarket is based so much on fear and greed (ie sentiment/emotions) I reckon these sorts of mathematical calculations can be an analysis too far. I have just read about a top US trader who has made millions by concentrating solely on charts and volumes (ie no fundemental analysis at all). It makes you think!!
Regards to all.
When you mention the 'experts' talking about a 60% fall in the US and a 40% fall in the UK, this sounds like Mr Smithers of Smithers & Co, a notorious bear. As I understand it he bases his calculations on Q ratios (or factors...I'm not sure) which you need to be a maths professor to understand. Since the stockmarket is based so much on fear and greed (ie sentiment/emotions) I reckon these sorts of mathematical calculations can be an analysis too far. I have just read about a top US trader who has made millions by concentrating solely on charts and volumes (ie no fundemental analysis at all). It makes you think!!
Regards to all.
Melnibone - 21 Mar 2004 21:53 - 8 of 34
I quite agree, gallick.
I like a little bit of basic FA to make sure I'm not trading
long on a basket case or short on a takeover target.
Then all I'm interested in is which way it's going, which is
shown by the chart, between support and resistance and trade with it.
When it hits support or resistance, I then wait to see if it's
going to reverse or continue and break the support/resistance.
Liquidity is important to enable you to make easy entries and exits
within a narrow spread, which is why I like FTSE100 Blue Chips or simple
Index trading. This is another area where volume comes in to play as well as
checking whether the higher volume is on up days or down days, which is
the more usual reason why traders keep an eye on volume.
Melnibone.
I like a little bit of basic FA to make sure I'm not trading
long on a basket case or short on a takeover target.
Then all I'm interested in is which way it's going, which is
shown by the chart, between support and resistance and trade with it.
When it hits support or resistance, I then wait to see if it's
going to reverse or continue and break the support/resistance.
Liquidity is important to enable you to make easy entries and exits
within a narrow spread, which is why I like FTSE100 Blue Chips or simple
Index trading. This is another area where volume comes in to play as well as
checking whether the higher volume is on up days or down days, which is
the more usual reason why traders keep an eye on volume.
Melnibone.
Crocodile - 22 Mar 2004 07:51 - 9 of 34
Morning ...
little woman
- 22 Mar 2004 08:30
- 10 of 34
Morning all
Lots to do this week....
Lots to do this week....
Melnibone - 22 Mar 2004 09:16 - 11 of 34
Morning all,
FTSE down to the last swing low, there will also be some more
support around the 4330 area. It needs to hold around these levels.
US is also near the DOW/S@P 10,100/1100 levels which it needs to hold.
Should find out soon if we're making lows or changing trends.
Melnibone.
FTSE down to the last swing low, there will also be some more
support around the 4330 area. It needs to hold around these levels.
US is also near the DOW/S@P 10,100/1100 levels which it needs to hold.
Should find out soon if we're making lows or changing trends.
Melnibone.
little woman
- 22 Mar 2004 10:19
- 12 of 34
Melnibone - could you take a look at ANGL (Anglo Irish Bank). According to the research section of this site the dividend yield is 150% - as the companies dividend is higher than the share price! I'm going to check out some other sites - but can you let me know what you think? (I have a friend off to IRAQ at the end of the week, and want to know if he should sell now, or would it be OK to hang on until the end of the year when he returns to the UK).
Crocodile - 22 Mar 2004 10:23 - 13 of 34
Short WOS still & FTSE
D.
D.
Melnibone - 22 Mar 2004 10:31 - 14 of 34
Hi little woman,
I'll have to do some more checking but I'm under the
impression that ANGL is priced in Euros.
Maybe some confusion here between the currency quotes.
Melnibone.
I'll have to do some more checking but I'm under the
impression that ANGL is priced in Euros.
Maybe some confusion here between the currency quotes.
Melnibone.
Melnibone - 22 Mar 2004 10:36 - 15 of 34
| 4600 | |||||||||||||
| X | |||||||||||||
| X | X | O | 4500 | ||||||||||
| X | O | X | O | ||||||||||
| X | O | X | O | 4400 | |||||||||
| X | O | O | |||||||||||
| X | X | 4300 | |||||||||||
| X | O | X | |||||||||||
| X | X | O | X | 4200 | |||||||||
| X | O | X | O | X | |||||||||
| X | O | X | O | 4100 | |||||||||
| X | O | X | |||||||||||
| X | O | 4000 | |||||||||||
| O | X | ||||||||||||
| O | X | 3900 | |||||||||||
| O | X | X | |||||||||||
| O | X | O | X | 3800 | |||||||||
| O | X | O | X | ||||||||||
| O | X | X | O | X | 3700 | ||||||||
| O | X | O | X | O | |||||||||
| O | X | O | X | 3600 | |||||||||
| O | X | O | X | ||||||||||
| O | O | X | 3500 | ||||||||||
| O | X | ||||||||||||
| O | X | 3400 | |||||||||||
| O | X | ||||||||||||
| O | 3300 |
FTSE has now made a double bottom on the PnF Chart.
If it prints 4300 then it will do the same as the Eustox50 and the SnP
Care required here for shorts or longs.
Melnibone.
Melnibone - 22 Mar 2004 10:43 - 16 of 34
little woman, I think I'm correct.
Yahoo! quotes ANGL on the Dublin exchange in Euros
with the divi in Euro Cents.
MaM is quoting the price and the divi in Sterling Pence
Please double check before making any decision.
Melnibone.
Yahoo! quotes ANGL on the Dublin exchange in Euros
with the divi in Euro Cents.
MaM is quoting the price and the divi in Sterling Pence
Please double check before making any decision.
Melnibone.
Melnibone - 22 Mar 2004 11:48 - 17 of 34
I see the 4330 support level I mentioned earlier has held.
All depends now on how spooked the US gets on the killing
of the Hamas leader.
US and UK are still on support. Selling volume in the US was
heavier on the US stocks but now seems to be lightening off
a little.
A lot of the UK Blue Chips I trade are still holding on support.
As usual, everything is on hold now for US direction.
GSK hasn't dropped that much today considering the general fall.
What do you reckon Fundamentalist and Little woman?
Signs of bottoming or just recovering a bit from last weeks
sell off?
Melnibone.
All depends now on how spooked the US gets on the killing
of the Hamas leader.
US and UK are still on support. Selling volume in the US was
heavier on the US stocks but now seems to be lightening off
a little.
A lot of the UK Blue Chips I trade are still holding on support.
As usual, everything is on hold now for US direction.
GSK hasn't dropped that much today considering the general fall.
What do you reckon Fundamentalist and Little woman?
Signs of bottoming or just recovering a bit from last weeks
sell off?
Melnibone.
Melnibone - 22 Mar 2004 12:11 - 18 of 34
Keep an eye on LGEN that I mentioned further up this thread.
October low seems to be holding and it's trying to go positive
on a down day. Don't forget the ex-divi next week circa 4%.
Melnibone.
October low seems to be holding and it's trying to go positive
on a down day. Don't forget the ex-divi next week circa 4%.
Melnibone.
Melnibone - 22 Mar 2004 12:40 - 19 of 34
Lot of large trades going through on SKP at the bid price
which is dropping the share down.
Be interesting to see if some news now comes out into the
public domain after some folk have already adjusted their
positions.
Melnibone.
which is dropping the share down.
Be interesting to see if some news now comes out into the
public domain after some folk have already adjusted their
positions.
Melnibone.
little woman
- 22 Mar 2004 12:54
- 20 of 34
It's times like today, I miss not being able to short!
After never giving me a moments worry over the last 6 plus years, my work computer is not happy! I've had to restart 3 times, but it seems to be OK now.
After never giving me a moments worry over the last 6 plus years, my work computer is not happy! I've had to restart 3 times, but it seems to be OK now.
Fundamentalist
- 22 Mar 2004 13:36
- 21 of 34
Mel
news often comes at 2pm prior to the US opening rather than early morning on this share - could be an interesting next hour
news often comes at 2pm prior to the US opening rather than early morning on this share - could be an interesting next hour
zarif
- 22 Mar 2004 13:44
- 22 of 34
Hi everyone.
Fundamentalist - i have sent u internal mail by mam.
rgds
zarif
Fundamentalist - i have sent u internal mail by mam.
rgds
zarif
Fundamentalist
- 22 Mar 2004 13:58
- 23 of 34
Zarif
tx, you have return mail
tx, you have return mail
Fundamentalist
- 22 Mar 2004 14:31
- 24 of 34
Mel,
just looked at the SKP trades from earlier. Three trades all at 63.5p for 400,000 , 1,284,150 and 1,684,150. looks like a rollover or a transfer to me - I think if 3m shares had been dumped this close to results/annoucements the price wouldn't have held. Any thoughts?
just looked at the SKP trades from earlier. Three trades all at 63.5p for 400,000 , 1,284,150 and 1,684,150. looks like a rollover or a transfer to me - I think if 3m shares had been dumped this close to results/annoucements the price wouldn't have held. Any thoughts?
Melnibone - 22 Mar 2004 14:41 - 25 of 34
My only thoughts are that I don't know what SKP are going
to announce or when.
It's in half way house at the moment in between support and resistance.
Therefore I won't take a position. If I call it wrong there
is the danger of a large % move against me in a very short
space of time.
There are plenty of opportunities out there at the moment, so
I don't see the point in taking an unneccesary risk.
If it soars, it will retrace as folk take profits, if it crashes
it will bounce as Bears take profit and bottom fishers move in.
Best for me to wait and take one of the above options.
Melnibone.
to announce or when.
It's in half way house at the moment in between support and resistance.
Therefore I won't take a position. If I call it wrong there
is the danger of a large % move against me in a very short
space of time.
There are plenty of opportunities out there at the moment, so
I don't see the point in taking an unneccesary risk.
If it soars, it will retrace as folk take profits, if it crashes
it will bounce as Bears take profit and bottom fishers move in.
Best for me to wait and take one of the above options.
Melnibone.
Melnibone - 22 Mar 2004 14:44 - 26 of 34
little woman,
assuming I was correct, how did your friend take the news
that the stock price was in Euros and the divi was in cents?
What did he/she decide to do?
Melnibone.
assuming I was correct, how did your friend take the news
that the stock price was in Euros and the divi was in cents?
What did he/she decide to do?
Melnibone.
- Page:
- 1
- 2
| About MoneyAM | Ts and Cs | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us | Site Map | © 2025 MoneyAM |
Register now for FREE
Share Prices,
Stock Quotes,
Charts, Bulletin Boards, Indices, Watchlists, Portfolio, Market News, Research
or see our Premium Services including Level 2, Terminal and much more.
Follow us on Twitter